Tuesday, February 16, 2016

[MCD] update

At the backlink I gave a count and the count is still potentially valid but because of the recent action I'm going to change my top count to this being black 2 below.  This WC bounce to the 50 fib is just a bit coincidental for me to buy that the trend is now up.  So I have to model one more wave down (at least) at this point.  A move as shown would fill the gap of Oct 2015.  Time to short this pig for a 18-20% gain IMO.

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